-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NDS9sGwMf24epaul2Fi1XI5E/G9ObOCQ65yRUVK/xkcyKV+AC7IqxKd/R/BzwuJw MHMzw3heYbeC47sO7Jxt9A== 0001422224-09-000023.txt : 20090616 0001422224-09-000023.hdr.sgml : 20090616 20090616155612 ACCESSION NUMBER: 0001422224-09-000023 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090612 FILED AS OF DATE: 20090616 DATE AS OF CHANGE: 20090616 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Kaplan Elliot M CENTRAL INDEX KEY: 0001296603 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33899 FILM NUMBER: 09894138 MAIL ADDRESS: STREET 1: 2405 GRAND BLVD., SUITE 900 CITY: KANSAS CITY STATE: MO ZIP: 64108 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: DIGITAL ALLY INC CENTRAL INDEX KEY: 0001342958 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 200064269 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 7311 W 130TH ST STREET 2: STE 170 CITY: OVERLAND PARK STATE: KS ZIP: 66213 BUSINESS PHONE: 913-232-5349 MAIL ADDRESS: STREET 1: 7311 W 130TH ST STREET 2: STE 170 CITY: OVERLAND PARK STATE: KS ZIP: 66213 4 1 primary_doc.xml PRIMARY DOCUMENT X0303 4 2009-06-12 0 0001342958 DIGITAL ALLY INC k9vrch$i 0001296603 Kaplan Elliot M 7311 WEST 130TH STREET, SUITE 170 OVERLAND PARK KS 66213 1 0 0 0 Common Stock 2009-06-12 4 J 0 43532 2.35 A 178532 D Common Stock 2009-06-12 4 J 0 43532 2.35 D 135000 D Stock Option (Right to Buy) 1.6 2009-06-12 4 M 0 43532 0 D 2007-10-01 2017-03-01 Common Stock 43502 341901 D Stock Option (Right to Buy) 1.6 2009-06-12 4 F 0 92869 0 D 2007-10-01 2017-03-01 Common Stock 92869 249032 D Transaction represents common stock acquired by the Reporting Person, upon the cashless exercise of stock options reflected in Table II of this Form 4. The Reporting Person pledged certain stock options to secure the Reporting Person's promissory note with a private lender. The note was due and the lender foreclosed on the collateral. The lender exercised a total of 136,401 stock options, on a cashless basis, at the market price of $2.35 per share, less an exercise price of $1.60 per share, and received 43,532 shares of common stock in payment of the amount owing under the note. This transaction was initiated by the lender and not by the Reporting Person. The lender deemed the price of the common stock to be $2.35 per share, which was the closing market price on June 12, 2009, the date of the foreclosure and transfer. The stock options were granted to the Reporting Person on March 1, 2007; 66,667 options vested on October 1, 2007, 66,666 options vested on March 1, 2008 and 3,068 options vested on October 1, 2008 pursuant to the 2007 Stock Option and Restricted Stock Plan. Elliot Kaplan 2009-06-16 -----END PRIVACY-ENHANCED MESSAGE-----